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NBH Rate Decision Coming Up (13:00GMT)

HUNGARY
  • The NBH is widely expected to moderate the pace of rate cuts from 100bps to at least 75bps due to instability in Hungarian markets over the past month which justify a more cautious approach to easing.
  • Among the sell-side views we have seen, some flag risks of a cut even smaller than 75bps. Just one foresees another 100bp cut at this juncture.
  • The rate decision itself is at 13:00GMT/14:00CET, followed by the release of the policy statement at 14:00GMT/15:00CET.
  • Our full preview of the decision, with sell-side analyst views, can be found here.

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